The circular flow model shows that the goods

Reference no: EM13508046

The circular flow model shows that the goods and services produced by business firms are sold through:

a. product markets
b. stock markets
c. money markets
d. resource markes

2. Given the supply curve of butter, a reduction in the price of margarine will tend to:

a. increase the demand for butter
b. increase the demand for margarine
c. raise the price of butter
d. lower the price of buteer.

Reference no: EM13508046

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